Mobile Banking Startup Neat Secures $3 Million in Fresh Funding
A Hong Kong-based startup Neat that offers startups and SMEs access to credit cards and banking services has secured funds amounting to $3 million in a fresh funding round.
The particular round was led by China-based VC Linear Capital. The round also saw participation from Hong Kong’s Sagamore investments and existing backers Dymon Asia Ventures and Portag3 Ventures. Prior to this, the company raised $2 million seed round earlier this year.
The company basically provides quick access to prepaid Mastercard-based cards and basic banking services. Cards are charged at around $7.50 per month, with varying prices on incoming, outgoing and international payments.
Along with this, there is also a consumer option, which is much like European startups Monzo, Starling and Revolut, but Neat ...